The import of parts and accessories of shotguns or rifles to Thailand has experienced significant fluctuations over the years. In 2023, the volume stood at approximately 3.62 thousand kilograms. The past two years have shown a year-on-year decline of -5.69% in 2023 and -0.51% in 2022. A longer-term view reveals high volatility, with peaks in 2016 and 2017 and declines thereafter. The compounded annual growth rate (CAGR) over the last five years stands at -2.63%, while the forecasted five-year CAGR predicts a further decline of -6.02%, reflecting a continued downward trend until 2028.
Future trends to watch for include potential regulatory changes, shifts in domestic manufacturing capacity, and evolving demand for firearms and accessories in adjacent regions. Additionally, geopolitical factors and trade policies could impact import volumes significantly. Monitoring these variables will be crucial for adjusting market strategies accordingly.
